Atte has published a new company report on Admicom regarding Q2 
We reiterate our buy recommendation for Admicom and our target price of 40.0 euros. The Q2 report did not cause any material changes to our forecasts following the profit warning in June. We still believe that Admicom’s growth will pick up in the coming years as the construction market’s turmoil eases, even if only slightly. Considering this, the stock is currently available for purchase at a very cheap valuation (2026e adj. EV/EBIT 9x).
Excerpt from the report:
After weak performance at the start of the year, promising signs have been seen on the sales side, with Q2 sales growing 20% from the previous quarter and 17% compared to the comparison period. This reflects the changes made after a weak start to the year in the sales team, incentives, and sales tactics. Success has also been achieved in improving cross-selling, and the majority of new deals include more than one Admicom product. Sales certainly need to pick up for the company to reach the ARR growth guidance lowered in June following a soft start to the year.